From the article: "Major changes are afoot at Sony, after the Japanese electronics giant announced plans to sell its Vaio PC business and reform its TV arm. As a result, Sony will layoff 5,000 employees over the next year or so, including 1,500 in Japan and 3,500 overseas. Sony was projecting a fiscal year net profit of 30 billion yen converting to $295 million, a figure already adjusted down from previous forecasts. Following the restructuring, Sony expects to post a fiscal year net loss of 110 billion yen, converting to $1.08 billion."

Looks like Nintendo is not the only one that's hurting these days. The Playstation division is still going strong, but looks like the rest if the company suffering.

I have to wonder how much of this is due to the fact that a lot of people in key consumer markets like the US simply do not have the money to afford big-ticket items like a lot of electronics right now. :/

Sad news to hear that Sony is hurting badly also. In the past we have had a number of Sony products including TV's, radios, etc. (including video game systems) and they have all performed exceptionally well. It's hard times for a lot of companies now as well as families so this news is not totally surprising to hear.

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